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Chase Sapphire Preferred

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🇺🇸 United States · Chase

Chase Sapphire Preferred

Name: Chase Sapphire Preferred
Brand: Chase
Rating: 4.7 (50 reviews)

First-time travel-rewards card, sweet-spot earn rates

4.7 / 5

Joining fee

Annual fee

$95

Top reward

Min income

—

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5-year value calculator

How much Chase Sapphire Preferred actually pays you over time, net of annual fees.

Your monthly spend$1,500

Includes 40% in this card's boost category, 60% general spend.

Annual rewards$468

Annual fee−$95

Welcome bonus (year 1 only)+$4,000

Cumulative net value

+$5,865

over 5 years

Year 1

$4,373

+$4,373/yr

Year 2

$4,746

+$373/yr

Year 3

$5,119

+$373/yr

Year 4

$5,492

+$373/yr

Year 5

$5,865

+$373/yr

Year 1 (with bonus)

$4,373

Year 2+ (steady state)

$373/yr

Estimates use the card's published rates and a 40/60 boost-vs-general split. Real returns vary with how tightly your spend matches each card's boost categories.

Reward rates

What you earn back, by category.

travel

📈

dining

📈

Everything else

📈

🎁

Welcome bonus

60,000 bonus points after spending $4,000 in first 3 months (~$750 in travel)

What you get

5x points on travel booked through Chase Ultimate Rewards
3x on dining (incl. takeout & delivery)
2x on all other travel
25% more value when redeeming for travel via Chase Ultimate Rewards portal
No foreign transaction fees
Trip cancellation/interruption insurance, primary auto rental coverage

Eligibility

These are guidelines, not hard cutoffs. Banks frequently approve below the listed income if your credit is healthy.

Min credit score

700+

Self-employed

Eligible

Points value

What 1 Chase Sapphire Preferred point is actually worth

Best redemption is 2.0× the worst

Same points, wildly different values depending on redemption. Most cardholders default to the boring option and never see the upside. Here's the full ladder for Chase Sapphire Preferred:

Hyatt transfer
Best

₹170.00/point

1:1 to World of Hyatt. Cat 4 hotels = 12K points = ~$300 room.

United / Singapore Air transfer

₹150.00/point

1:1. Best for premium cabin sweet spots.

Chase Travel portal (1.25x)

₹106.00/point

Worth 1.25 cents/point booking flights/hotels via Chase.

Statement credit

₹85.00/point

Welcome bonus — the under-priced lever

60K Ultimate Rewards on $4K spend in 3 months (~$1,200 via transfer, $750 via portal).

Welcome bonus value at best redemption: ₹1,02,00,000

Sweet spots & gotchas

✓Best entry-tier US travel card. $95 annual fee. ITIN-friendly for Indian founders with US presence.
✓Sweet spot: 27K Hyatt points → 2 nights at Hyatt Regency Goa (~₹50K cash).

Full Chase Sapphire Preferred redemption deep-dive Run the points calculator

MatchYour SaaS · pays best on this card

Best SaaS to pay with the Chase Sapphire Preferred

The SaaS subscriptions where Chase Sapphire Preferred earns the most for you — ranked by net annual savings vs a default 3.5%-forex retail card. If your stack covers all six, the modelled savings stack to ≈ ₹1,21,635/yr.

Top match

Premium cashback